Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 189.93

+0.5%

Jan 2 9:30 AM EST

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To: tonyt who wrote (16630)	3/6/1998 7:49:00 PM
From: Torben Noerup Nielsen	Read Replies (2) of 32384

All, This stuff is getting really interesting. Intel reports lower than expected revenues due (mostly?) to competition at the low end. Their gross margins stayed high. To me that says that the industry is perfectly healthy; to a large extent what happened was that the clone makers ate some of Intel's lunch. If that is really so, it is a good sign to me. Logically, if this is true, the market should not have reacted to badly. Then Motorola disappoints. But Motorola has a history of doing this so it isn't anything new. Also, for them it was a loss of earnings due to currency problems in Asia. This is a problem we have known about for some time and one way or another it will get fixed. But this is one of the early casese of real losses caused by the Asian situation. I would think the market should have extrapolated and beaten down a number of other stocks over it. But I guess she decided that they took enough of a beating yesterday. And now Compaq is whining about losses due to competition. My heart bleeds for them. They used to be good at getting high prices for their equipment. Now there are others who offer the same grade at much lower prices. Tough. In the long run, this is good for the market as a whole I think. Also, Compaq's loss seems to have been someone else's gain here. Didn't Dell record really high earnings? They likely ate Compaq's lunch. And this one doesn't seem to be related to Asia at all...... Oh well, I am likely all wet. I just can't get too excited about all of these announcements right now. In my view, the market isn't reacting like I would rationally expect it to so I am going to sit back and enjoy the ride! Cheers, Torben P.S. It seems clear now that the action in Ligand is largely independent of the action in the tech stocks which is in itself interesting.

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